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Mitek , which provides software and authentication services, said it has upped its game with its release of MobileDeposit 4.8, a mobilebanking app. Its MobileDeposit solution has been licensed by more than 6,400 financial institutions. Premier” checking account customers.
This week’s reveal: prior to March 2020, I had never used the mobiledeposit feature of the banking app on my phone. Since then, I’ve deposited nearly a dozen checks using this nifty capability. Second, after I figured out how to use mobiledeposit the first time, I asked myself, “Why did I ever go to the bank?
Nine years after the introduction of the iPhone to the market — and the subsequent great mobile leap forward — the verdict is pretty much in on mobilebanking applications: Consumers like it, verging on loving it, and are eager for more of it.
Where do you see this going, and how do you see it being adopted by banks? As mobile and digital banking is really starting to grow, catch on and just overtake the branch and some of the other channels, biometric authentication is just a necessity. How does a bank figure out what to do? .
Provided instant card-issuance technology to Bank of the Ozarks. Partnered with Trend Micro to bring better data encryption and authentication technology to businesses. Reviewed by Developer in a look at two-factor authentication. Fidor Bank ( FD15 ). Partnered with GFT Technologies to build a mobilebanking app.
It’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access). An ongoing feature in the first 20 years was an ad hoc OBR Best of the Web awarded to new digital features which raised the bar in online/mobilebanking.
Horizn: Enhanced training platform with new languages, focusing on European banks. iProov: Raised $70M, leading the way in online biometric authentication, securing important European governmental contracts. Sonect: Raised $22M, virtual ATM network growing through partnerships with European retailers and banks.
“There’s been a 20 percent-plus increase in customers signing into digital banking capabilities and significant month-over-month increases in mobile check deposits. In March, the number of [mobile] checks deposited was up 40 percent over February, for example. How Data Aids Seamless Onboarding .
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